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Sensitive Data Discovery Market Expansion Continues, with Forecast Valuation of $20.68 Billion by 2029
Sensitive Data Discovery
Sensitive Data Discovery Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size for sensitive data discovery has witnessed considerable expansion. The market is projected to increase from $8.89 billion in 2024 to $10.67 billion in 2025 with a compound annual growth rate (CAGR) of 20.0%. Contributing factors to the growth during the historic period include incidents of data breaches, privacy concerns of consumers, environmental shifts, rising data volumes, and risks associated with third parties.
Sensitive Data Discovery Market Size Forecast: What's the Projected Valuation by 2029?
The market size for sensitive data discovery is anticipated to witness swift expansion in the upcoming years, ballooning to $20.69 billion in 2029 with a 18.0% compound annual growth rate (CAGR). This expansion during the forecast period can be traced back to various factors like the ongoing evolution of data regulation, the increase in cybersecurity threats, the trend of adopting cloud technologies, the dynamics of remote and hybrid workforces, and the growth in IoT and edge computing. The period's key trends are strategic partnerships, innovation in products, sophisticated solutions, and IoT integration.
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What Are the Drivers Transforming the Sensitive Data Discovery Market?
As the investments in data privacy and protection continue to increase, the sensitive data discovery market is experiencing significant growth. The aspect of data protection that deals with the correct handling, retention, immutability, access, and security of sensitive data is referred to as data privacy. The sensitive data discovery provides protection against harmful threats to data, thereby supporting an efficient data privacy and security strategy. In a global perspective, the United States dominates the data security market with over 40% of the worldwide revenues. Data security revenue in the US is expected to rise to about USD 2.9 billion by 2024, and forecasts suggest that there will be a surge of 66%, reaching nearly USD 4.8 billion, by 2029.
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What Long-Term Trends Will Define the Future of the Sensitive Data Discovery Market?
The evolution of technology plays a significant role in the trends shaping the sensitive data discovery market. Leading entities in the industry are strategically leveraging the latest technology to secure their standing in this market. As an illustration, Concentric AI, a software company rooted in India, pioneered the Concentric Semantic Intelligence platform in August 2022. This AI-based platform notably safeguards sensitive data transmitted as text or attachments across various business communication platforms. It provides security experts with integrated remediation tools to control data security, handle access complaints, and prevent the loss of data.
Which Segments in the Sensitive Data Discovery Market Offer the Most Profit Potential?
The sensitive data discovery market covered in this report is segmented -
1) By Component: Solutions, Services
2) By Deployment: On Premises, Cloud
3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
4) By Application: Security And Risk Management, Asset Management, Compliance Management, Other Applications
5) By End-Use: BFSI, Government, Healthcare And Life Sciences, Retail, Manufacturing, Telecommunications And IT, Other End Use
Subsegments:
1) By Solutions: Data Discovery Tools, Data Classification Software, Encryption Solutions, Compliance And Reporting Tools
2) By Services: Consulting Services, Implementation Services, Managed Services, Support And Maintenance Services
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Which Firms Dominate the Sensitive Data Discovery Market by Market Share and Revenue in 2025?
Major companies operating in the sensitive data discovery market are IBM Corporation, Microsoft Corporation, Oracle Corporation, Amazon Web Services Inc., Google LLC, Hitachi Ltd., Thales Group S.A., Micro Focus International PLC, Proofpoint Inc., Netwrix Corporation, Varonis Systems Inc., Digital Guardian, Solix Technologies Inc., Immuta Inc., 1touch.io Inc., Nightfall AI Inc., DataSunrise Inc., DataGrail Inc., Dathena Inc., BigID Inc., Informatica Corporation, Spirion Corporation, PKWARE Inc., OneTrust, Securiti Inc., Egnyte Inc., BetterCloud Inc., Safetica Inc.
Which Regions Offer the Highest Growth Potential in the Sensitive Data Discovery Market?
North America was the largest region in the sensitive data discovery market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sensitive data discovery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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